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He talked to me of theology, he talked of politics, of the wonders of science and the marvels of art, of the passions and the affections, of the immortality of the soul and the peculiar actions of drugs; but predominantly and constantly he talked of getting on, of enterprises, of inventions and great fortunes, of Rothschilds, silver kings, Vanderbilts, Goulds, flotations, realisations and the marvelous ways of Chance with men in all localities, that is to say, that are not absolutely sunken to the level of Cold Mutton Fat.
Good companies and bad, established concerns and promoters' flotations, auspicious ventures and forlorn hopes he had been associated with them all, and from each one he emerged with untroubled calm while the unhappy machine, its steering gear usually crippled by his hand alone, went plunging downhill over the cliff into the soundless waters of oblivion. Mr.
The government doesn't borrow from savers through the marketplace but internationally, often from multilaterals. Outlandish default rates result in vertiginously high real interest rates. Inter-corporate lending, barter, and cash transactions substitute for bank credit, corporate bonds, or equity flotations. As a result, the private sector's financial leverage is minuscule.
Yerkes purchased the old street railway lines, lined his pockets by making contracts for their reconstruction, issued large flotations of watered stock, heaped securities upon securities and reorganization upon reorganization and diverted their assets to business in a hundred ingenious ways.
He assisted sometimes wolves and sometimes coyotes in flotations of worthless, or almost worthless, stocks and bonds from gold and mahogany offices and upon a sea of glittering prospectuses.
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